Property Overview

This 1939 cottage on Hollywood Avenue represents a distinctive investment opportunity in Cherrywood, one of Austin's most sought-after neighborhoods. Situated on a generous 5,148-square-foot lot, the compact 856-square-foot home features one bedroom and one bathroom, offering potential for the savvy investor or developer. The mature trees lining the streets of this central East Austin location create an established, desirable setting that continues to draw residents and entrepreneurs alike. Hollywood Avenue's proximity to the UT Campus and the emerging Mueller development corridor positions this property at the intersection of strong neighborhood momentum and institutional growth.

The Cherrywood community hub, anchored by the beloved Cherrywood Coffeehouse, fosters an engaged, tight-knit neighborhood character while remaining minutes from downtown Austin. At $532 per square foot, this listing reflects the premium Cherrywood commands compared to the broader area median. The solid lot size and vintage bones present multiple development pathways for investors evaluating acquisition strategies in one of Austin, TX's most strategically positioned neighborhoods. This is a property suited for those with vision and capital to execute on Cherrywood's continued appreciation and community strength.

Agent Description

Great location, this property is for investors only

Neighborhood: Cherrywood

This property is located in Cherrywood, Austin, TX. The area is known for Cherrywood Coffeehouse, Tree-Lined Streets, Near UT Campus, Mueller Access, Strong Community.

At $532/sqft, this listing is priced 17% above the Cherrywood median of $453/sqft.

Property Details

Listing data last updated: March 25, 2026

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